Bone Glue Market Revenue Status and Outlook (2016-2026)
The bone glue industry is on a growth trajectory. Manufacturers involved in the development of innovative bone glues and bone adhesive sealants are focused on multipurpose glues that can be utilized for a large number of applications. Furthermore, key players in this market are focused on the introduction of newer products to capitalize on the opportunities in the global bone glue market.
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Bone glues are collagen obtained from animal sources such as skin and bones. Bone glues are derived from fish’s dried swim bladder and bovine bone. The production of bone glues involves procuring animal bones from slaughterhouses, meat packaging companies, and tanneries and are then washed, boiled under pressure, demineralized and collagen extracted and dried. Bone glues are predominantly used in book publishing, woodwork, and match head production applications.
The global bone glue market can be divided by end user, product type, application, and region. In terms of the end user, the market can be segmented into hospitals, ambulatory surgery centers (ASCs), and specialty clinics. On the basis of product type, the market can be segmented into natural bone glue and synthetic bone glue.
The increasing number of surgical procedures that require bone glue in large volume is one of the major factors driving the global bone glue market. In particular, the demand for bone glues is anticipated to rise significantly among orthopedic surgeons globally. The reluctance of orthopedic surgeons for the use of conventional cementing materials for adhesion needs in surgical procedures is leading to the development of organic alternatives.
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However, the market faces certain growth impediments as well. Due to animal rights considerations and sentiments of ethnic communities, non-animal alternatives to bone glue is challenging the market’s growth. Nevertheless, the increasing application of bone glues in book cover is expected to present lucrative opportunities to the growth of this market.
North America accounts for almost half of the global bone glue market in terms of revenue. This is primarily due to the robust healthcare infrastructure and advanced pharmaceutical production in the U.S. However, Asia Pacific is expected to display the highest growth rate in the coming years. Europe is also expected to be a dominant bone glues market during the forecast period. While Latin America is expected to display satisfactory growth rate, the Middle East and Africa are expected to display sluggish growth in the bone glue market.
Some of the leading companies in the global bone glues market are Cryolife, Luna Innovations Incorporated, Johnson and Johnson, Cohera Medical Inc., Tissuemed Ltd., Integra Lifesciences Corporation, Baxter International Inc., B.Braun Melsungen AG, DENTSPLY SIRONA Inc., Chemence Medical Inc., C.R. Bard Inc., and others.
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